Turnstone Private Equity Fund II reaches hard cap of EUR 170m for professional investors in four months

Turnstone Private Equity Fund II reaches hard cap of EUR 170m for professional investors in four months

Turnstone Private Equity is pleased to announce that Turnstone Private Equity Fund II (TPEF II) reached its hard cap of EUR 170m for professional investors on March 22, having received strong support from both existing and new investors.

The fund is a successor to Turnstone Private Equity Fund I, which closed at EUR 150m end of October 2023. The size of the fund is expected to increase in the coming weeks through the onboarding of a feeder for non-professional investors.

TPEF II has already closed several investments, and we expect the fund to be deployed during 2024, in line with our vintage fund strategy. The investment strategy remains focused on secondaries (LP-led and GP-led), primaries and co-investments in partnership with top managers across Western Europe. The fund is able to underwrite investments between EUR 3-30m.

We are grateful for the support and trust from both existing and new investors and would also like to thank Advokatfirmaet BAHR AS for the efficient collaboration in the fundraise. The Turnstone team remains committed to deliver top performance for the 2024 vintage.

1546 1177 Turnstone
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